Akzo Nobel (OTCMKTS:AKZOY) Short Interest Down 85.0% in April

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 6,500 shares, a decrease of 85.0% from the March 31st total of 43,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 331,500 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays reiterated an "overweight" rating on shares of Akzo Nobel in a report on Monday, February 3rd. The Goldman Sachs Group raised shares of Akzo Nobel from a "sell" rating to a "buy" rating in a report on Thursday, March 6th.

Akzo Nobel Stock Up 0.2 %

Shares of OTCMKTS AKZOY traded up $0.05 during trading on Tuesday, reaching $21.40. 60,940 shares of the stock were exchanged, compared to its average volume of 132,973. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.76. Akzo Nobel has a twelve month low of $18.07 and a twelve month high of $24.12. The business's 50-day moving average price is $20.67 and its 200 day moving average price is $20.47. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 0.67 and a beta of 1.13.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Akzo Nobel had a net margin of 4.26% and a return on equity of 12.45%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.64 billion. As a group, equities analysts forecast that Akzo Nobel will post 1.52 EPS for the current fiscal year.

Akzo Nobel Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.5384 per share. This is a boost from Akzo Nobel's previous dividend of $0.16. The ex-dividend date of this dividend is Wednesday, April 30th. Akzo Nobel's payout ratio is presently 88.78%.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.